JCT Announces Next Edition of Contracts, ‘JCT 2024’ at Parliamentary Reception
20 June 2023
JCT has just announced that the next update to it's suite of contracts will be the JCT 2024 Edition. SBCC plans to kilt this 2024 suite to produce contracts compliant with Scottish law and practice. We will update our members in due course.
Extract from press release below:
JCT announced that the next update to its suite of contracts will be the JCT 2024 Edition, at its annual Construction Industry Parliamentary Reception held at the House of Commons, on Friday, 16th June.
The reception was an opportunity for JCT’s members and invited construction industry guests to gain an early insight into the core themes and main changes that will feature in JCT 2024, which is due to be published next year.
The current edition of JCT contracts, JCT 2016, is the most widely used standard form contract suite in the UK construction industry and was the first edition of JCT contracts to be available as part of an online service.
Digital working will continue to be a main feature of the JCT suite with JCT 2024, which will be published exclusively via JCT’s Construct subscription service, as well as On Demand digital and traditional hardcopy.
The main features of JCT 2024 include updates and changes corresponding with the following workstreams:
- Modernising and streamlining – including adoption of gender neutral language, and increased flexibility around the use of electronic notices.
- New for JCT 2024 – the introduction of a new contract family, JCT Target Cost Contract (TCC), comprising main contract, sub-contract, and guide.
- Legislative changes – major updates in relation to the Building Safety Act, Termination accounting and payment provisions reflecting the Construction Act, new insolvency grounds reflecting the Corporate Insolvency and Governance Act 2020.
- Future proofing – including changes to reflect the objectives of the Construction Playbook, and the incorporation of previously optional supplemental provisions relating to Collaborative Working, and Sustainable Development and Environmental Considerations, into the main document.
For the full press release and further information please vist the JCT website.